RBI’s enforcement has a rigorous process, but penalty cases in the news have stirred a debate on whether India needs an appellate authority. Its supervisory role is relatively opaque for valid reasons, but RBI may find that the more predictable and proportionate it is, the better.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.